Europe Tariffs: Stock Futures Decline on Trump Announcement

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world US President Donald Trump ’s announcement of new tariffs on eight European countries over Greenland weighed on risk sentiment as trading kicked off Monday. Futures on the Euro Stoxx 50 slumped 1.2% in early trading, while those on the S&P 500 dropped 0.8%. US cash markets will be closed for a holiday Monday. The dollar weakened against all its Group-of-10 peers, losing the most against the Swiss Franc and the Japanese yen as traders sought haven assets.